Howard Lutnick, the CEO of Cantor Fitzgerald predicts that traditional finance (TradFi) companies want to transact in bitcoin as a new asset. But they are hesitating to take further steps because of all the existing requirements of U.S. regulators. Lutnick on his official X post stated, “Bitcoin has been an
The sudden collapse in banks made a negative impact on the Stock market. The most active stocks like Dow Jones, S&P 500, and Russel 2000 index are facing a downfall in the market. At the same time, the crypto industry has been witnessing a bullish market after the great collapse.
Segregation between centralized stablecoin and algorithm stablecoin. Stablecoins become harder to manage as they grow larger. Paolo Ardoino, CTO of Tether and Bitfinex, participated in a podcast by Reimagine, Web3 events & Media company,on May 17th, where he made few comments about stablecoins. Especially about Terra UST, the initiation behind
$750 million BTC was used for restoring peg value by lending to OTC trading firms. 28,205 BTC was transferred to an unknown account on Binance Exchange. Luna Foundation Guard, the firm of Terra, has been stacking BTC in reserve for emergency rescue. The ultimate goal of Do Kwon, Co-founder of
The falling face is an appropriate opportunity to convert Altcoins to Blue-chip coins. The selling rate crossed 175K in the mid of the week. For the last few days, the crypto market had to face many cryptocurrencies being sold. The reason behind this is seen to be the fear among
Kiyosaki expects BTC to hit a bottom as low as $17K to $11K. Kiyosaki believes dips are a situation to gain profit and BTC will bounce back. Robert Kiyosaki, financial education advocate and author of Rich Dad, Poor Dad book, awaits the further crash of Bitcoin. Previously, Kiyosaki expected the
Bitcoin, the pioneer in the cryptocurrency market, has faced the lowest in the last 52 weeks, the coin dropped to $26,350 which is 60.21% low when compared to its ATH of $68,789 in Nov 2021.The drop in BTC has not only affected it but the whole market has to stumble,
Recovery status among the coins can be viewed in the market atmosphere. BTC attained a price value above $30,000 at the start of the day. The market capitalization and crypto ranking have undergone most of the change during the present week, the tokens which were present on top are now
